Trading Conditions
Products
Tools
Trend analysis:
This week, the price will move downwards, with the goal of reaching 1.0860 - the support line (blue bold line). If it succeeds, then working upwards is possible, to the first goal at 1.0915, with a pullback level of 14.6% (blue dotted line).
Fig. 1 (weekly chart)
Complex analysis:
- Indicator analysis: down;
- Fibonacci levels: down;
- Volumes: up;
- Candlestick analysis: up;
- Trend analysis: down;
- Bollinger bands: down;
- Monthly chart / schedule: down
The complex analysis infers a downward movement.
The overall result of calculating the candle of the EUR / USD currency pair according to the weekly chart: the price of the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candlestick (Monday - up) , and the absence of the second lower shadow (Friday - down).
An unlikely lower scenario: from the support line of 1.0860 (blue bold line), a downward movement with the lower target of 1.0837 will be the historical support level (blue dotted line).
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.